The focus on a well-defined target market typically reduces cost efficiency of the company
Indicate whether the statement is true or false
FALSE
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A ________ is one where both parties involved in a contract are under a mistaken belief about a material fact.
A. mutual mistake B. state of duress C. unilateral mistake D. state of undue influence
A Board of Directors is a body of volunteers who operate companies or organizations
Indicate whether the statement is true or false
The CEO of JLI Corp. decided to expand into a new market in 2010. At the end of 2010, JLI's stock
price had decreased 5% since the beginning of the year. Which of the following statements is MOST correct? A) The CEO made a poor decision to expand because the stock price decreased during the year. B) CEO decisions are irrelevant because the efficient market determines the value of a company's stock. C) The CEO's decision may have been optimal, keeping the stock price from falling more than 5% for the year. D) The CEO made a poor decision to expand because the company's profits for the year obviously decreased, causing the drop in stock price.
On April 1, Ken's Construction, Inc, enters into a contract to build a store for Lo-Price Retail, Inc, at a specific location in Metro City. On April 10, Metro changes its zoning law to prohibit the construction of a commercial building at that location. Lo-Price files a suit against Ken's Construction. In this situation A) Ken's Construction is in breach of contract
B) Lo-Price Retail is in breach of contract. C) the contract is discharged. D) the contract is suspended.